Noble Midstream Partners Increases Quarterly Distribution

HOUSTON–(BUSINESS WIRE)–Noble Midstream Partners LP (NYSE: NBLX) (“Noble Midstream” or the “Partnership”) today announced that the Board of Directors of its general partner, Noble Midstream GP LLC, declared a cash distribution of $0.4883 per unit for the fourth quarter 2017, a 24% increase compared to the prior year quarter and a 4.7% increase sequentially. The [Read More…]

Source: BOE Report

TransCanada to Issue Fourth Quarter Results February 15

CALGARY, ALBERTA–(Marketwired – Jan. 25, 2018) – News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) will hold a teleconference and webcast on Thursday, February 15, 2018 to discuss its fourth quarter 2017 financial results. Russ Girling, TransCanada president and chief executive officer, Don Marchand, executive vice-president and chief financial officer and members of the executive [Read More…]

Source: BOE Report

Corporate Divestiture: Wolf Coulee Resources Inc.

Sayer Energy Advisors has been engaged to assist Wolf Coulee Resources Inc. (“Wolf Coulee” or the “Company”) with the sale of the shares of the Company.  The Company has long life reserves, less than 50 shareholders and no bank debt. The offering presents an opportunity to acquire a focused company with operated, high working interest, [Read More…]

Source: BOE Report

Pengrowth Announces Appointment of Chief Operating Officer

CALGARY, Alberta, Jan. 25, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) announces a realignment of its executive team with the appointment of Randy Steele as Chief Operating Officer. Mr. Steele, who originally joined Pengrowth in 1998, and who currently holds the position of Senior Vice President, Conventional Operations, will assume operational responsibility for [Read More…]

Source: BOE Report

Sunoco LP and Energy Transfer Announce Redemption of Sunoco Series A Preferred Units and Repurchase of Sunoco Common Units

DALLAS–(BUSINESS WIRE)–Sunoco LP (NYSE: SUN) (“Sunoco”) and Energy Transfer Equity, L.P. (NYSE: ETE) (“ETE”) announced that today Sunoco will redeem all outstanding Series A Preferred Units held by ETE for an aggregate redemption amount of approximately $312.6 million. The redemption amount includes the original consideration of $300 million and a 1% call premium plus accrued [Read More…]

Source: BOE Report

Freeport-McMoRan Reports Fourth-Quarter and Year Ended December 31, 2017 Results

PHOENIX–(BUSINESS WIRE)–Freeport-McMoRan Inc. (NYSE: FCX): Net income attributable to common stock totaled $1.0 billion, $0.71 per share, for fourth-quarter 2017. After adjusting for net gains of $291 million, $0.20 per share, fourth-quarter 2017 adjusted net income attributable to common stock totaled $750 million, $0.51 per share. Consolidated sales totaled 1.0 billion pounds of copper, 593 [Read More…]

Source: BOE Report

Hess Midstream Partners Announces Strategic Joint Venture to Build New Gas Processing Plant in North Dakota

HOUSTON–(BUSINESS WIRE)–$HESM–Hess Midstream Partners LP (NYSE:HESM) (“Hess Midstream”) announced today the formation of a 50/50 joint venture with Targa Resources Corp. (NYSE:TRGP) (“Targa”) to construct a new 200 million standard cubic feet per day gas processing plant called Little Missouri Four (“LM4”). The new gas plant will be located at Targa’s existing Little Missouri facility, [Read More…]

Source: BOE Report

VAALCO Energy Announces Year-End 2017 Proved Reserves Increased 15% and Achieved 127% Reserve Replacement

HOUSTON, Jan. 25, 2018 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE:EGY) today announced year-end 2017 proved reserves rose to 3.0 million barrels of oil equivalent (“MMBOE”), up 15% from 2.6 MMBOE at year-end 2016. The Company’s 2017 proved reserve additions of 1.9 MMBOE resulted in a reserve replacement ratio of 127%. VAALCO’s reserves were fully [Read More…]

Source: BOE Report

Range Announces 2018 Capital Budget and Five-Year Outlook

FORT WORTH, Texas, Jan. 24, 2018 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE:RRC) today announced a 2018 capital budget of $941 million, which is below anticipated 2018 cash flow at current strip prices and generates annual production growth of approximately 11%. Additionally, Range announced a five-year outlook from 2018 through 2022 that generates cumulative free cash flow of approximately $1 billion and reduces leverage to below 2x net debt to EBITDAX by year-end 2022, assuming no asset sales.  Highlights –    2018 capital budget of $941 million generates expected annual production growth of ~11% within cash flow ~$1 billion of cumulative free cash flow through 2022...

Range Announces 26% Increase in Proved Reserves

FORT WORTH, Texas, Jan. 24, 2018 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE:RRC) announced today that proved reserves at December 31, 2017 increased by 26% from the prior-year to 15.3 Tcfe.     Highlights –    SEC PV10 reserve value increased by 119% to $8.1 billion Proved reserves increased by 3.2 Tcfe, or 26% Reserve extensions, discoveries and additions were a record 3.5 Tcfe Proved developed reserves increased 1.6 Tcfe, or 23% Drill-bit finding cost of $0.31 per mcfe Future development costs for proved undeveloped reserves are estimated to be $0.38 per mcfe Unhedged recycle ratio over 3x based on future development costs of $0.38 per mcfe Core u...

Laredo Petroleum Announces 29% Growth in Year-End Proved Reserve Estimates

TULSA, OK, Jan. 24, 2018 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE:LPI) (“Laredo” or “the Company”) today announced year-end reserve estimates and preliminary annual production for 2017, selected preliminary and unaudited operating results for the fourth quarter of 2017 and its 2018 capital budget and production forecast. The Company also announced preliminary results for its [Read More…]

Source: BOE Report

PDC Energy Announces Fourth Quarter and Full-year 2017 Conference Call – Tuesday, February 27, 2018

DENVER, Jan. 24, 2018 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss fourth quarter and full-year 2017 results. The Company plans to issue its fourth quarter and full-year 2017 news release after market close on the previous day, followed thereafter by supporting [Read More…]

Source: BOE Report

Diamondback Energy Prices Upsized $300 Million Tack-On Offering of Senior Notes

MIDLAND, Texas, Jan. 24, 2018 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”) announced today that it has priced an offering of $300.0 million aggregate principal amount of its 5.375% Senior Notes due 2025 (the “New Notes”), representing a $50.0 million upsize from the previously announced size of the offering, at an issue price of [Read More…]

Source: BOE Report